Wednesday, January 29, 2014

AUDUSD Outlook and Trade Setup Midweek update 29th Jan, 2014

AUDUSD Outlook and Trade Setup Midweek update 29th Jan, 2014


Daily Chart



  • As predicted last Friday, we rejected from the confluence fib ext level of 161.8 and 127.2
  • Upside is limited however with the major resistant, and if we break through, please be careful of a 'fake break'

Hourly Chart


  • This is my forecast for this pair, and if it does get up to my sell zone, for those who look at patterns, i think its a potential Cypher pattern. - 

  • Next support bounce is also on chart


Outlook Trade opportunity

Please see H4 chart

Risk Level LOW


Tips -

Always take note of any economical news event on our provided calender below



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2 comments:

  1. AnonymousJanuary 30, 2014 at 2:33 AM

    This is not working out for you. In my opinion you are missing the big picture aka the rba's wish of 0.85$ AUDUSD. Plus why are you considering a long position even for a correction when you have FED today with the possibility of taper?

    ReplyDelete
  2. UnknownJanuary 30, 2014 at 12:31 PM

    umm i think you misread, no where in my setup was a long position.
    I have a pending short
    and a pending long
    Blue = Buy / sell zone
    Red = Stop zone
    Green = Profit zone

    ReplyDelete

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